Tuesday, October 21, 2008

. . . In a Rich Man's World

Please, somebody has got to help me out with this.

-Bush and Bernanke want congress to enact another stimulus package.
-McCain wants to pay off all "bad" mortgage loans.
-The Congress and Senate approved the 700 billion dollar bailout plan.

All of this comes with the promise of no raised taxes? How is that possible?

If you or I promised our kids a bunch of things we couldn't pay for; a new playstation, a trip to Disneyland, clothes etc, would it be responsible to follow through on all of that without getting a second job to bring in some more resources? That's what our government is trying to do? Wouldn't it be better to cut back on things a bit if we aren't willing to bring in more cash?

I'm getting pretty tired of hearing the phrase, "tax and spend Democrats." I'm not saying that unnecessary spending is justifiable. However, taxing and spending beats the hell out of "no tax and all spending."

How are we going to pay for all these handouts and bailouts if we continue to cut taxes? –not forgetting that we have a war going on and 3.1 trillion dollars worth of domestic budget expenditures a year. That money has to come from somewhere. Our political leaders are acting like spoiled college kids, run amok on spring break with daddy's credit cards. We aren't Zimbabwe, where we just print more money (without anything to back it) to pay off our debt.

Or are we?

1 comment:

jill peters hawley said...

i couldn't have said it better myself. really.

Please, Jesus, Save Me from Myself!

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